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OT: Vick gets PAID

PhillyPhaithful48

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Apparently Vick will not see too much of the hundy mil. Here is a breakdown of where most of that money will go:

• Two-thirds of every dollar Vick earns goes to creditors and taxes.

• The rest of the money is strictly controlled. Think of it as an allowance.

• Vick can spend $4,250 per month on rent and utilities and $472 per month on a car. His mother, who was on Vick’s payroll during his headier, pre-prison days, can receive $2,500 per month.

• Other obligations Vick owes include mortgages, child support, fees for his agent (who gets $800,000 through 2015) and for his tax lawyers (who will eventually receive a total of $2.6 million). The allowance does allow for Vick to pay $1,355 per month for private school for the two children he has with his fiancee, Kijafa Frink. (Munson calls it a “rare bit of extravagance.”)

• His creditors stand to receive $12 million through 2015, provided Vick continues to receive a multi-million dollar salary.
 

PhillyPhaithful48

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UPDATE: Darren Rovell, who has significantly more resources than I do, says it's actually going to be a lot less. There are substantial lawyer and accountant fees that Vick has to pay, among other restrictions. He could receive as little as 11% of what the Eagles pay him.
 

elocomotive

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UPDATE: Darren Rovell, who has significantly more resources than I do, says it's actually going to be a lot less. There are substantial lawyer and accountant fees that Vick has to pay, among other restrictions. He could receive as little as 11% of what the Eagles pay him.

I'd still take 11% of his salary over what I make.
 

SLY

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We still can correct the bullshit that has begun. If he gets elected for another 4 years... Goodbye America.
 

elocomotive

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tumblr_l3ls17tye11qacjs1o1_500.jpg
 

elocomotive

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You and your labels.

I'm going to re-gift you a Label Baby Jr. for Xmas. ;)
 
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